Iconic Seafood and Pizza Business in Seacoast Comm

Not Disclosed, MA
Barnstable County


Asking Price: Annual Revenue:
$179,900 $372,668

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Seafood and Pizza Business in Seacoast Comm Broker: Timothy Larrabee
Owner Financing is Available!

Quick Facts

Asking Price: $179,900
Annual Revenue: $372,668
Net Profit: Not Disclosed
Cash Flow: $122,156
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1963
Employees: 6
BBN Listing #: 347462860
Broker Reference #: 12821-996301

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Business Overview:

Here is an opportunity to own that takeout seafood restaurant on Cape Cod that you have always dreamed about. Known by generations of summer tourists and locals alike, this roadside joint is famous for its fried seafood specials, pizza, subs and ice cream. Situated on a high traffic road, this 60 year old business comes with indoor/outdoor seating, off street parking and a fully equipped kitchen.

Currently open year-round, this restaurant has a 1,610 square feet interior with a monthly rent of $2,400. In 2018-2019, gross sales averaged $239,078 per year but they have dramatically increased since the pandemic hit at over $372,000 in 2020 and an even higher revenue expected for 2021. Start making money on your first day with this turnkey business that comes with the tradename, equipment, furniture, supplies and inventory. Seller is willing to entertain owner finance and training offers from qualified buyers.

This business has been a landmark eatery on Cape Cod since the early 1960's. Many of the original seafood items have remained on the menu but the owner has added pizza, subs and some tasty ethnic specials over the years.

There is limited competition from other restaurants in the area because the majority of the seafood restaurants are sit down style with no takeout options such as pizza, subs and daily specials. The competitive advantage is the variety of its menu in conjunction with quick and convenient service.

This business offers an energetic buyer a lot of potential for sales growth and profitability. Below are a few recommendations suggested by the Seller: * Offer delivery options for the area especially for pizza, subs and salads. * Create a more dynamic social media presence with specials and promotions. * Develop a business website with an online ordering and payment system.

The restaurant sits on just under a half acre lot and comes with 20 paved parking spaces and a garden seating area in the back. The building measures 1,610 square feet with a canopy and comes with a main dining area, fully equipped kitchen, storage/prep room and two bathrooms.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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